[Simmo!]

Originally Posted by kavaman

I recieved an email from neteller yesterday about this. The strangest part of the email was.

"2. New Account limits. In order to comply with European anti-money laundering regulations, we are introducing a maximum limit on the balance that can be held in your NETELLER account, as well as minimum and maximum limits on the amounts that can be transferred, deposited or withdrawn. These limits vary based on the type of NETELLER Account that you hold. There are now three types of NETELLER Account available to you:

Standard Account - allows a maximum account balance of USD1,900 (EUR 1,500 or GBP 1,000 depending on the currency of your account)

Enhanced Account - allows a maximum account balance of USD19,200 (EUR 14,500 or GBP 10,000)

Premier Account - allows a maximum balance of USD48,000 (EUR 36,300 or GBP 25,000)

Initially, your NETELLER Account will be set to "Standard." You can upgrade your account free of charge at any time by clicking on the "Upgrade Account" link in the QuickLinks section of the Accounts page. "


Now the important questions.

1. What if your neteller already has a balance of over 1900$ when they start this on june 6th.

2. What if you have a balance of less then 1900$, but you recieve payments on june 6th-7th so that the balance reaches over 1900$. Will they not accept these payments if you havent had the time to upgrade your account.

-kavaman

I wondered that too. But they say you can contact them via Live Chat on teh site and ask so it may be worth doing. The ACH to Bank is a welcome plus.